SFC Closely Promotes IPO Matching Rules

In response to IPO's rehearsing rumors, the SFC said on the 16 day that it had not yet held a trial meeting of the first companies, and that the progress of the related work was slightly later than that of the earlier stage.

The SFC said that since the issuance of the new IPO reform directive last year, China SFC In accordance with the opinions and related supporting documents, the audit of the first application has been carried out normally. Due to the need to supplement the latest annual financial audit reports in the trial enterprises, there has not yet been a trial meeting of the first companies, and the progress of the related work is slightly slower than the expected work process.

In this regard, there are market participants to judge, restart in April. Trial meeting It's unlikely. Because the new stock's supporting documents were solicited until April 14th, and ten days were needed for the investors to record on the Internet. The fastest IPO restart will have to wait until May.

At the 2014 Boao forum for Asia, Xiao Gang, chairman of the securities and Futures Commission, said that the issue of new shares did not stop, but only because the enterprises concentrated their annual reports and naturally stopped, until the annual reports of listed companies came out one after another, they would go according to the procedures.

The SFC also said that with the completion of the supplementary material work, the enterprises with the conditions will push forward the follow-up audit according to the normal procedures. On the five day before the first meeting of the enterprise, the CSRC will issue a notice of the meeting in accordance with the regulations, announce the list of enterprises and the date of the meeting.

According to the IPO declaration form released by the SFC, the total number of IPO queuing enterprises has dropped to 675, of which 287 are in the first instance.

"I am afraid that the convening of the trial committee is not as fast as we expected." People close to the regulators say that the trial will not be held until the implementation of the "nine small country" implementation measures.

"The nine small country" refers to the "General Office of the State Council, issued at the end of last year, on Further Strengthening the protection of the legitimate rights and interests of small investors in the capital market."

When to reopen the trial committee, we still need to wait. IPO The relevant supporting rules for reform are uniform.

The reporter understands that at present, the SFC is formulating the relevant measures to implement the opinions of the general office of the State Council on Further Strengthening the protection of the legitimate rights and interests of small and medium investors in the capital market, and improving relevant matters concerning the dilution and filling measures of the initial public offering, refinancing and major asset reorganization.

Zhang Xiaojun, spokesman for the securities and Futures Commission, said in April 11th that in order to implement the relevant requirements of the new IPO reform, the CSRC has completed the formulation and revision of the "securities issuance and underwriting management measures" and the transfer method of the old shares, and has perfected the rules for information disclosure. At the same time, in order to implement the "nine small states", the SFC is working hard to formulate regulations on the implementation of IPO and so on.